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Long

AUDUSD H4: Waiting Outside the Fork

FX:AUDUSD   Australian Dollar/U.S. Dollar
AUDUSD             has shown some weakness in that it failed to reach the Median Line (ML) of the blue pitchfork . That's why I expect it to fall to the most outer sliding parallel. This is where I'll be watching if market finds support and presents a new entry opportunity to go long. The AUD is still quite strong, although it's getting neutral and oversold, whereas the USD is relatively weak and overbought at the same time. This is a combination that is auspicious for stalking a new long position.
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